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Sep 10, 2012
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. >> is it really underfunding the city? is that equivalent to not being able to pay for om of the promises when an economy has changed so much? >> in many cases it is because a lot of the cities depend on a property tax base that has eroded and is not coming back when the economy comes back. if you're going to take a sensible, thoughtful approach, thing like an eroding tax base, thing like a change in the service levels we demand from schools, have to be part of a reasonable compromise where everybody's putting their -- >> how are you --. >> what's the issue of the fact that things change? what about the fact that things change? for example, in the united states, i mean, here we are with a different demographic story, we're living longer, people talking about living to 100 now. in fact, social security hasn't changed at all. so, shouldn't we be changing based on the evolution of a country, of a city? i mean, that's one of the issues. if you're going to be living longer and needing more of the benefit from the country, don't
. >> is it really underfunding the city? is that equivalent to not being able to pay for om of the promises when an economy has changed so much? >> in many cases it is because a lot of the cities depend on a property tax base that has eroded and is not coming back when the economy comes back. if you're going to take a sensible, thoughtful approach, thing like an eroding tax base, thing like a change in the service levels we demand from schools, have to be part of a reasonable...
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Sep 11, 2012
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the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i want to go back to the political question about "rambo" emanuel. he obviously is pro union, his boss, they will win illinois by 20 or 30 points but they pledge to help every union around the country. how will this work out? is rambo going to fold like a cheap suit or what? >> i'm not sure obama will win this state by that margin, i think it will be closer than people think. in terms of mayor emanuel, the teacher's union has already won but the question is margin of victory. steve mentioned $12,000 per pupil. it's actually $24,000 per high school graduate, which, remember, is the point of
the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i want to go back to...
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Sep 2, 2012
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no, i'll take a smaller space in a dynamic city. one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you see this new shift. what i like about this, is it offers up the city as a place not only to solve technical problems. not only to do new software, but create business models. maybe when you have an interesting guy like mayor bloomberg, or a very good problem-solver like rahm emanuel, you could actually see this combination of technology and social media solving big urban problems. and for me, it seems like a big step for our country. >> i agree with you, a great story. thank you for joining us. >> thank you. >> you too, richard florida joining us. >>> up ne
no, i'll take a smaller space in a dynamic city. one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you...
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Sep 11, 2012
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this city hasn't had a teachers strike in 25 years. but the points you make is very well taken especially here on the streets of chicago. a lot of people asking how could this be happening in chicago. this is where president obama comes from. this is where his former chief of staff is now the mayor. how could they be having this confrontation with the unions so close to a presidential election. its -- what the heck, it's -- >> crazy. a lot easier when you got a villain like scott walker. just hard. it's really -- axelrod has got to be pulling his hair out like what do i do. he'll be there soon. >> well, the real thing here is this is only day two. i must say that the people that we spoke to yesterday, there is a lot of heart for the teachers out there because people are concerned about their children. they are concerned about the overcrowding in the classrooms. they're concerned about dilapidated classrooms. they even talk about the fact that it's 100 degrees in the classrooms in the summertime and they don't have any air conditioning.
this city hasn't had a teachers strike in 25 years. but the points you make is very well taken especially here on the streets of chicago. a lot of people asking how could this be happening in chicago. this is where president obama comes from. this is where his former chief of staff is now the mayor. how could they be having this confrontation with the unions so close to a presidential election. its -- what the heck, it's -- >> crazy. a lot easier when you got a villain like scott walker....
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Sep 13, 2012
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citi cutting ratings on intel. amd says pcs are losing the battle against tablets and smart phones. >> and a very special guest. the ceo of j. crew. of course, we start this morning with the fed. markets looking to open higher ahead of the fed's late es monetary policy meeting. the fed will announce a decision at 12:15 p.m. eastern time. and this is large lly a wait an see as markets are largely anticipating the fed to hand it what it wants and that would be more stimulus. >> we've had a lot of news items in the last few weeks that were delivered that were better than expected or expected as someone who follows stocks, i can tell you this is i think not make or break. i was just listening to super cell in "squawk box." great interview this morning, but i come back and say listen, it's a big, bad event. people aren't going to be happy. he hasn't done enough. that's my theme. you get that from people. what did the fed do? not enough. then it's business as usual. >> but there is that question of what more can they do.
citi cutting ratings on intel. amd says pcs are losing the battle against tablets and smart phones. >> and a very special guest. the ceo of j. crew. of course, we start this morning with the fed. markets looking to open higher ahead of the fed's late es monetary policy meeting. the fed will announce a decision at 12:15 p.m. eastern time. and this is large lly a wait an see as markets are largely anticipating the fed to hand it what it wants and that would be more stimulus. >> we've...
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Sep 13, 2012
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that's what it is, nanny michael bloomberg strikes again in new york city, he just made new york city the first to strike down supersized drinks. >> this is the first step of a city to curb obesity and certainly not the last step and we believe it will help save lives. >> is this a necessary measure to fight obesity or is this government gone way too far? let's ask our guests, jeff, senior fellow with the national center for public policy research. last time you were here, bloomberg banned kosher food for homeless people. >> all- >> wait. except if you go to 7-eleven? >> you can't get them at convenience stores -- it's not just the government gone wild, it's for soda taxes, bans on smoking in outdoor places, bans on e cigarettes that help people stop smoking. the nanny state has been co-opted by big government activists. this is actually bad for public health. >> who is this nanny state polit bureau? this one was going to win because it had all mayor bloomberg's appointees on it. >> dr. farley. >> czar bloomberg. >> mayor bloomberg's health xhirgt, original health commissioner is runn
that's what it is, nanny michael bloomberg strikes again in new york city, he just made new york city the first to strike down supersized drinks. >> this is the first step of a city to curb obesity and certainly not the last step and we believe it will help save lives. >> is this a necessary measure to fight obesity or is this government gone way too far? let's ask our guests, jeff, senior fellow with the national center for public policy research. last time you were here, bloomberg...
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Sep 11, 2012
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. >> well, citi put it at $23.3 million. morgan stanley put it at $9.5 billion. >> i think it was like 16 and change -- >> but you've got to remember, it is not a -- it's not a controlled premium price, a fully distributed trading price as of june 1, by the way, when the s&p was a good deal lower than it is today, the comps available for the likes of raymond james, $13.5 billion is high too. but they're going to buy 14% of that, and we'll have more on it in a little bit. >> yeah. >> morgan stanley's trading up. >> yeah. >> citi, though, will have to have a write-down of the significant size. they're carrying this at $23.3 billion. they swore they might have to have a write-down and that'll be a fairly significant one. >> over the 2008/2009 period, one of the things that kept the market from moving up was the citi corp. write-down. it was the serial write-down. they must have had more write-down -- in terms of the write-down hall of shame, citi has just dominated that whole annex. >> they did. that was from the holdings of cd
. >> well, citi put it at $23.3 million. morgan stanley put it at $9.5 billion. >> i think it was like 16 and change -- >> but you've got to remember, it is not a -- it's not a controlled premium price, a fully distributed trading price as of june 1, by the way, when the s&p was a good deal lower than it is today, the comps available for the likes of raymond james, $13.5 billion is high too. but they're going to buy 14% of that, and we'll have more on it in a little bit....
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Sep 28, 2012
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cities say, why should we pay our debts? >> yes, but that will only happen, brian, basically if the courts allow bankruptcy court to eliminate pension obligations too. that's a really bad deal for workers. we hope it doesn't get to that situation. that's hardly a solution, but it may wind up that way. it's already that way in places like stockton where they're battling over exactly what you just described. >> got to stop the ticking. got to diffuse it, steve. thank you very your thoughts. >>> new york city apparently isn't in financial ruin. the city, in fact, is shelling out $230 million to build, ta-da, the world's largest ferris wheel. you're looking at an artist's rendering of the proposed 625-foot structure. the ferris wheel would stand taller than the london eye and also the one in singapore, which is the current record holder. construction is slated to begin in the next year and a half. so in 2015 we will be lining up for the ferris wheel. >> i can't wait. >>> all right. one year ago lenny kravitz was doing this. yeah
cities say, why should we pay our debts? >> yes, but that will only happen, brian, basically if the courts allow bankruptcy court to eliminate pension obligations too. that's a really bad deal for workers. we hope it doesn't get to that situation. that's hardly a solution, but it may wind up that way. it's already that way in places like stockton where they're battling over exactly what you just described. >> got to stop the ticking. got to diffuse it, steve. thank you very your...
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Sep 18, 2012
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>> they're actually and i city m asymmetrical this year. >> thank you so much for coming by.nd i city asymmetrical this year. >> thank you so much for coming by.d i city asymmetrical this year. >> thank you so much for coming by. i city asymmetrical this year. >> thank you so much for coming by.i city asymmetrical this year. >> thank you so much for coming by. city asymmetrical this year. >> thank you so much for coming by.city asymmetrical this year. >> thank you so much for coming by.ity asymmetrical this year. >> thank you so much for coming by.ty asymmetrical this year. >> thank you so much for coming by.y asymmetrical this year. >> thank you so much for co >> we'll be back and bring the latest on the spate between china and japan, romney's controversial comments and you united has it numbers coming out today, as well. >>> welcome back. these are the headlines from rn at world. >> mitt romney tries to explain controversial comments secretly caught on tape at a recent fund-raiser, but the presidential candidate isn't backing to ining down. >> and japan and china urge a resolution a
>> they're actually and i city m asymmetrical this year. >> thank you so much for coming by.nd i city asymmetrical this year. >> thank you so much for coming by.d i city asymmetrical this year. >> thank you so much for coming by. i city asymmetrical this year. >> thank you so much for coming by.i city asymmetrical this year. >> thank you so much for coming by. city asymmetrical this year. >> thank you so much for coming by.city asymmetrical this year....
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Sep 4, 2012
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they still have ghost cities. what you refer to is people going from the urban areas to the cities, a lot of those people don't have residency, full-time residency, nor can they get it. they are poorer. they will not buy the apartments and the real estate values are coming down except for a blip up. so i don't know where you get the comfort that china will come around when they are new to capitalism and we have been in capitalism for years and years and years and we are having our own issues. >> we are having our issues, but china has got a different system with a different way of operating. and i would again go back to the basic math. zero gdp is not the same as 7.6. they need they need a lot of growth to absorb their surplus labor. they are still getting enough growth to absorb their surplus labor. they are not satisfied with 7.6. they would like it a little stronger, but it's not a disaster scenario in china. this is an export led economy. when the world weakens, any export led economy slows. china's slowing ha
they still have ghost cities. what you refer to is people going from the urban areas to the cities, a lot of those people don't have residency, full-time residency, nor can they get it. they are poorer. they will not buy the apartments and the real estate values are coming down except for a blip up. so i don't know where you get the comfort that china will come around when they are new to capitalism and we have been in capitalism for years and years and years and we are having our own issues....
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Sep 13, 2012
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now city h citi has cited increasing declines in pc sales. let's start with apple. wall street pretty much impressed with yesterday's iphone5 unveiling. bernstein boosted the price target to $800 on the stock raising estimates for unit sales saying it favors the iphone5, a faster and wider rollout, apple's found a way to satisfactorily procure the supply. do you like this call favorable to apple? >> yes, i do. i like apple. what's not to like? i think there is a worry about all these animal lis getting all geeked out over a rollout and it is pretty impressive. but people still have to buy the product and it is expensive. there's data plans that are going to be expensive as well. however, i do think people are going to buy it and i do think it is a good call. $800 might be a little high for me but i have no problem with with it in principle. >> i don't like the new pin, the new connecter. >> flip side of the coin. citi issuing downgrades and slashing targets. micro, intel, marvel, on concern personal computers do not look optimistic. semis mixed on the session today.
now city h citi has cited increasing declines in pc sales. let's start with apple. wall street pretty much impressed with yesterday's iphone5 unveiling. bernstein boosted the price target to $800 on the stock raising estimates for unit sales saying it favors the iphone5, a faster and wider rollout, apple's found a way to satisfactorily procure the supply. do you like this call favorable to apple? >> yes, i do. i like apple. what's not to like? i think there is a worry about all these...
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Sep 23, 2012
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tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair sheila bair. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ extra curricular ac
tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair...
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Sep 19, 2012
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the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their evaluation to the students' performance and test scores. seems like both sides got some of what they want. thankfully they are not, they are back in the classroom today, becky. >> and that is good news. thank you very much for joining us today. >> you bet. >>> when we return on "squawk box," governor bob mcdonnell on the mitt romney video, the president's appearance on david letterman last night, and what we can expect from the presidential debate. >>> right now as we head to a break, though, take a look at gold prices this morning. touc
the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their...
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Sep 21, 2012
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atwater, city of 28,000. i mean, these are really smaller issuers that have a limited amount of debt outstanding. >> there's an article in the september issue of "the bond buyer" saying cities pass a low point. >> right. >> do you agree with that that the pace of defaults and bankruptcies are actually slowing? >> interesting thing, default year to date are up versus last year, but 3.1 billion versus i believe 2 billion last year, year to date, so still relatively small and not the -- you know, the enormous number that has been bandied about in the past. 57% of localities of cities and states are saying they are actually better to meet their needs this year as opposed to last year. california's general fund is up, and you're also seeing situations where states are sitting down with unions and really working out new ways of working out pensions. that's good to help right now regardless. >> this what do you see for demand for munis? >> it's rising. issuance has been really strong. >> to what do you attribute thi
atwater, city of 28,000. i mean, these are really smaller issuers that have a limited amount of debt outstanding. >> there's an article in the september issue of "the bond buyer" saying cities pass a low point. >> right. >> do you agree with that that the pace of defaults and bankruptcies are actually slowing? >> interesting thing, default year to date are up versus last year, but 3.1 billion versus i believe 2 billion last year, year to date, so still...
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Sep 10, 2012
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a lot of viewers are here in new york city. where are the best opportunities? >> every place that before this recession hit, portions of brooklyn, the river, harlem is back. certainly parts of the south bronx is back. right now it looks like the same old business as usual that we had almost four years ago. >> how about for the banks? who is actually easier to work with? who is being opportunistic here and who is getting caught up in red tape and getting out of the business by stepping all over themselves here? >> two people pay the price. certainly the appraisers. it has become a number game. the second most expensive part are the buyers. they can't get their hands on the money from the bank and can't get the house appraised at the right value. >> the rental market has been unbelievable. is that going to turn based on what you are saying? >> you think about the rentals and sales as opposite. when the sales are really good the rentals fall. when the sales are falling and everybody is stalling and they don't want to commit then t
a lot of viewers are here in new york city. where are the best opportunities? >> every place that before this recession hit, portions of brooklyn, the river, harlem is back. certainly parts of the south bronx is back. right now it looks like the same old business as usual that we had almost four years ago. >> how about for the banks? who is actually easier to work with? who is being opportunistic here and who is getting caught up in red tape and getting out of the business by...
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Sep 10, 2012
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we are witnessing empirical data, home prices rise in almost every city. when you see that, you put more money into your home, not less. that sends you to the stores. sherwin-williams, the pant company, whirlpool, owens cornings insulation and roofing, stanley black and decker, the homemaker, they are all based on cold, hard numbers. that's what we're after. those gains also impact the domestic banks that are keying on lending and lending seems to be coming back, at least if you listen to the largest mortgage company in the country by far, wells fargo. finally there's tech. many pundits think tech dead, is finished, say because of what happened to intel. everyone was hiding in there pause of that yield. or nokia. research emotion. del. hewlett packard and microsoft which has its hands on all these nokia phones. to me these are side shows. the action until today is in the incredible sales coming from google, apple and amazon. they're really the only tech stocks that matter given that their market caps add up to about $1 trillion. all the other major tech co
we are witnessing empirical data, home prices rise in almost every city. when you see that, you put more money into your home, not less. that sends you to the stores. sherwin-williams, the pant company, whirlpool, owens cornings insulation and roofing, stanley black and decker, the homemaker, they are all based on cold, hard numbers. that's what we're after. those gains also impact the domestic banks that are keying on lending and lending seems to be coming back, at least if you listen to the...
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Sep 4, 2012
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. >>> let's talk about hailing a taxi in new york city. you come here for a trip in business or holiday, it's just gotten a lot more expensive. starting today, cab fairs up 17% or 50 cents for each fifth of a mile. it's the first time fares have gone up since way back in 2005. i think the guys deserve a raise. a one-way ride from jfk international airport, they say, where america greets the world on this receipt, it will now run you about $61. how do we know that? the receipt from one of our "power lunch" producers who was surprised to find out about the rate hike this very morning on her way back from vacation. you should know, though, $61 to mid-town. a heck of a lot cheaper in london, where according to the world taxi meter.com, a one way ride in a licensed black cab from heathrow to the middle of the city will cost about 56 pounds, nearly $90. perhaps the most expensive airport to inner city cab ride in the world is in japan. a one-way fare from nor rita international airport from the heart of tokyo will cost you $174. 20,000 yen! i do
. >>> let's talk about hailing a taxi in new york city. you come here for a trip in business or holiday, it's just gotten a lot more expensive. starting today, cab fairs up 17% or 50 cents for each fifth of a mile. it's the first time fares have gone up since way back in 2005. i think the guys deserve a raise. a one-way ride from jfk international airport, they say, where america greets the world on this receipt, it will now run you about $61. how do we know that? the receipt from one...
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Sep 5, 2012
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holding a big event in new york city. comes just hours after microsoft and nokia revealed their new windows-based phones. jon fortt with the latest of the product launch across the river in new york. jon? >> reporter: right behind me, tyler, the event kicks off in just under an hour and the main question is going to be, what's the differentiating feature of any phones that motorola might unveil here. what will google and motorola choose to focus on? a thing that's come up, of course, lte. the networks are built out. everybody trying to put forthlte and screen resolution and clarity is a key issue. now, i just got done talking to a google product manager about a host of issues. one was feature phones. motto orola has feature phones. a question i had is what happens to that business? do they spell it, spin it out? it sounds like google is planning to organically let it wind down as people switch over to smartphones. goog wl the nexus 7 back in june. what will motorola do with tablets? putting out their own. i don't know to
holding a big event in new york city. comes just hours after microsoft and nokia revealed their new windows-based phones. jon fortt with the latest of the product launch across the river in new york. jon? >> reporter: right behind me, tyler, the event kicks off in just under an hour and the main question is going to be, what's the differentiating feature of any phones that motorola might unveil here. what will google and motorola choose to focus on? a thing that's come up, of course, lte....
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Sep 10, 2012
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it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions and battleground states and making the rounds on the television news circuits. it's on specifics the candidates seem to come up short time and time again. john harwood has the full story. good evening. >> good evening, larry. one of the enduring frustrations of reporters and some voters is the inability to get candidates to specify their positions on some important issues. the reason why they don't do it is pretty simple, to maximize the number of people who agree with them and enemies they make. case in point, mitt romney on "meet the press," perfectly willing to ta
it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions...
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Sep 12, 2012
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they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much time with the hedge fund managers and not with the teachers who are in the classroom every day. teachers want to have accountability. that's not the question. the question is are we going to have a fair system accountability? in places like montgomery county maryland, they have a great system where they go into the classroom and evaluate their peers and they recommend a lot of their peers get fired if they're not up to the job. why shouldn't they get fired? if i'm not up to my job i'm going get fired. if you're not up to your job you're go
they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much...
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Sep 4, 2012
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a little jab at city. they probably deserve it. >> putting everything together that brad is talking about, you are talking about a global slow down. look at yum as a short as well. >> you're comparing -- okay. comparing tacos to tiffanys. >> when they missed by a penny, the stock pops that represents the risk. i think you want to be long put spreads. they have the licenses issue. that represents 10% of the sales there. i like put spreads and tiffanys. >> thank you very much. in the meantime, the euro falling by a quarter percent against the u.s. dollar before evening out. get to know mario draghi. that speech will be on thursday. joining us now with a look at how you can trade this week's most important events. i guess kind of says the state of how we are if the most important part of the week is a speech by a european politician, effectively. >> it's not just a speech. it's the actual di sigs from the policy meeting on thursday. the actual economic -- this week, 25 basis points to .5%. we will have to see
a little jab at city. they probably deserve it. >> putting everything together that brad is talking about, you are talking about a global slow down. look at yum as a short as well. >> you're comparing -- okay. comparing tacos to tiffanys. >> when they missed by a penny, the stock pops that represents the risk. i think you want to be long put spreads. they have the licenses issue. that represents 10% of the sales there. i like put spreads and tiffanys. >> thank you very...
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Sep 18, 2012
09/12
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> the stocks get no respect. you want to find stocks where the easy money hasn't already been made. if you want to own something, you need to learn how to look at these losers. most losers they stay losers. every now and then you find one waiting to be unlocked where the sum of the company's parts is worth more than the corporate whole s it is not because i'm some kind of jerk who gets a kick out of romance although that is an add deed bonus. and i got another break up play to suggest tonight. i'm talking about warnico, wrc. the company that has not been able to keep up with the rest of the industry. the company which declared bank
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> the stocks get no...
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Sep 9, 2012
09/12
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worked with the city in redoing stone street the way it was in the late 1600s. the street was completed prior to september 11th. then when 9/11 happened, everything went on pause and rewound a little bit. >> i wasn't here i was in my home in brooklyn and called me and said, what do you like us to do? i says, i didn't know how bad it was so i says prepare the restaurant and have the food ready and we'll see what's going to happen. people came but nobody wanted to eat. we had seven girls in the office. they came down and became nurses. they started cleaning their faces because people couldn't see, they couldn't even see walking in here. >> peter what about from your standpoint in terms of the aftermath of 9/11. >> it was difficult for a good year and year and a half and then you saw things were going to get better and turn around. that when we decided in 2003 to start to do our development that we had planned prior to september 11th. we have a wonderful irish pub called ulyyes and vintry wine and whisky and a pizza place named after my mom, adrian's pizza bar. >>
worked with the city in redoing stone street the way it was in the late 1600s. the street was completed prior to september 11th. then when 9/11 happened, everything went on pause and rewound a little bit. >> i wasn't here i was in my home in brooklyn and called me and said, what do you like us to do? i says, i didn't know how bad it was so i says prepare the restaurant and have the food ready and we'll see what's going to happen. people came but nobody wanted to eat. we had seven girls in...
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Sep 12, 2012
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consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. >> reporter: according to the doctor who treated the u.s. ambassador, he died of smoke inhalation. >> nbc's richard engel reporting from cairo. what do these attacks mean to the oil market? joining us, vice president of middle eastern and south asian affai affairs. thank you for being with us. if you can't see a rally in the price of oil in an almost unprecedented situation like this where you've basically got an oil producing
consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make...
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Sep 3, 2012
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city to house a casino. former governor ed rendell has championed the casinos. >> look, gambling is not anything we should say, "oh, thank the lord. we have gambling." but it is a decent way to raise revenue where the upsides that's produced is significantly better than any downside that comes from it. >> you said there were downsides to gaming. what are they? >> the biggest downside is that some people lose their paychecks. but understand, lesley, they're not losing their paychecks because pennsylvania instituted gaming. those people were losing their paychecks in atlantic city, in delaware at the racetracks, or in west virginia. >> "so why not lose it here?" is what you're saying. >> well, if they're gonna lose it anyway, let's get the upside. we were getting all the downside and none of the upside. >> the upside, he says, is the $1 billion the state got in gambling revenue in 2010, which was used to provide a $200-a-home property tax reduction plus more relief for senior citizens. >> people have been gamb
city to house a casino. former governor ed rendell has championed the casinos. >> look, gambling is not anything we should say, "oh, thank the lord. we have gambling." but it is a decent way to raise revenue where the upsides that's produced is significantly better than any downside that comes from it. >> you said there were downsides to gaming. what are they? >> the biggest downside is that some people lose their paychecks. but understand, lesley, they're not losing...
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Sep 11, 2012
09/12
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couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be ashamed of themselves. >> you've endorsed mitt romney for president. >> i have. >> of course, his idea very clearly different than mr. obama's idea. a poll we've been mentioning today has the president now leading mitt romney on his dealings for the economy. i was actually very surprised at this because romney/ryan have put the economy and economic issues at the front burner. the president has the confidence. >> i think that's sort of an effect of the convention and the more favorable coverage he got for his convention than mitt romney. i think this is a neck and neck election. i really don
couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be...
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Sep 14, 2012
09/12
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business travelers visiting the windy city will be hit by a storm of taxes. that's according to a brand new study released by the global business travel association. they claim chicago hits u.s. travelers the hardest when you combine sales and travel taxes to the tune of more than $40 per day. on average that's 81% higher than ft. lauderdale, florida, has has the lowest tax burden of just over $22 per day. the chicago convention and tourism bureau didn't respond to our request for comment. see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help b
business travelers visiting the windy city will be hit by a storm of taxes. that's according to a brand new study released by the global business travel association. they claim chicago hits u.s. travelers the hardest when you combine sales and travel taxes to the tune of more than $40 per day. on average that's 81% higher than ft. lauderdale, florida, has has the lowest tax burden of just over $22 per day. the chicago convention and tourism bureau didn't respond to our request for comment. see...
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Sep 25, 2012
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when that kind of stuff happens in new york city you take the subway. all right, thank you, simon. >>> former fdic shelia bair's new book offers some striking, very candid commentary about the people running the nation's top banks during the financial crisis, plus some choice words about treasury secretary tim geithner. the book called "bull by the horns, fighting to save main street from wall street and wall street from itself." chairman bair, thank you for joining us. congratulations on the book. >> thank you. >> pleasure to have you with us. i think choice words, to a certain extent is putting it rather kindly. you take on tim geithner throughout this entire book for his role, not only in the 2008 financial crisis when he was treasury secretary but before that, when he was at the new york fed. >> well, i do think there was a fundamental clash of philosophies throughout the crisis. i think he viewed the problem through the prism of the large financial institutions, particularly citigroup and his world view was if you help him out of his troubles, you
when that kind of stuff happens in new york city you take the subway. all right, thank you, simon. >>> former fdic shelia bair's new book offers some striking, very candid commentary about the people running the nation's top banks during the financial crisis, plus some choice words about treasury secretary tim geithner. the book called "bull by the horns, fighting to save main street from wall street and wall street from itself." chairman bair, thank you for joining us....
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Sep 7, 2012
09/12
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ it makes me feel good about my car. >>> stocks finished flat on today's lousy job numbers. but weren't professional traders supposed to be cheering? after all it's not that bad. the dow was up 216 points. the nas up, the s&p up 31. excellent numbers. we're going to talk to phil orlando, chief equity strategist at federated investor. one theory was a lousy jobs number would cement a big move for fed stimulus which is supposed to be great for stocks. what happened today? >> to some degree you had a huge move in the market yesterday. up 2% on the back of draghi's action at the ecb. having studied jackson hole a cou
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ it makes me feel...
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Sep 12, 2012
09/12
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cities talking about in the u.s.? well, right now, here's where emirates flies in the u.s. new york and washington, obviously the big routes on the east coast. big presence on the west coast between san francisco, los angeles, and seattle. in the middle of the u.s., houston and dallas, expect them to add chicago and probably another eight cities, carl. what we're going to see from emirates is a full-on press over the next five years to make the u.s. a major destination or a place where they can take their passengers to the middle east. and what we're seeing in washington today, we're going to see that replicated many more times in the years to come. >> fascinating wrinkle. phil lebeau back at hq today. >>> michael kors not only a household name in the fashion world, but back in november, stock's up over 100%. he wrapped up fashion week and joins us this morning with simon hobb. >> welcome backstage at new york fashion week. michael kors completed their fashion show. the man that bears the business name joins us. welco
cities talking about in the u.s.? well, right now, here's where emirates flies in the u.s. new york and washington, obviously the big routes on the east coast. big presence on the west coast between san francisco, los angeles, and seattle. in the middle of the u.s., houston and dallas, expect them to add chicago and probably another eight cities, carl. what we're going to see from emirates is a full-on press over the next five years to make the u.s. a major destination or a place where they can...
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Sep 12, 2012
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followed up by salt lake city. the report finds cities like indianapolis and buffalo also in the top 20. the court's conclusion -- innovation comes from all corners of the country regardless of region and sector. but sue, i imagine some people thought that anyway. back to you. >> i think so. >>> speaking of innovation, let's go back out to san francisco with brian sullivan. brian? >> reporter: sue, thank you very much. just getting details on what we expected. the new connecter. in other words, this thing where you plug your iphone in to charge it in to your computer, whatever it might be, that is indeed changing. it is going to be much, much smaller. ostensibly to have more room for the battery. we talked about that longer battery life. we are getting a change in the connecting plug on the iphone 5. also talking about the camera, 38 mega pixels. much better low-light resolution. changes in the camera. more microphones. now three on the phone. the big thing for me is that connecter. i know there is a lot of hype ar
followed up by salt lake city. the report finds cities like indianapolis and buffalo also in the top 20. the court's conclusion -- innovation comes from all corners of the country regardless of region and sector. but sue, i imagine some people thought that anyway. back to you. >> i think so. >>> speaking of innovation, let's go back out to san francisco with brian sullivan. brian? >> reporter: sue, thank you very much. just getting details on what we expected. the new...
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Sep 5, 2012
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in the coastal city of sendai, a city of a million people-- about the size of detroit-- we saw nearly 3,000 residents patiently waiting for a grocery store to open for the first time in days. there are shortages of food, and lines for gasoline stretch half a mile. add to all of this what you might call nuclear refugees. thousands are in shelters because their homes are too close to the fukushima reactors. not only are their homes in danger of being irradiated but every possession they own. yoshihiko igarashi's house is three miles from the plant. his daughter was born there. she turned 20 last week in the shelter. like everyone, they've laid out a few square feet on the floor with no idea how long they'll be here. 1,600 people are in this shelter alone. it's just 20 miles from where the reactor fires are burning. if you believe u.s. experts, that's much too close. >> [speaking japanese] >> igarashi told us he feels that way too. the japanese are, for the moment, balancing between the disaster that has happened and the disaster that awaits. the prime minister told his people they will
in the coastal city of sendai, a city of a million people-- about the size of detroit-- we saw nearly 3,000 residents patiently waiting for a grocery store to open for the first time in days. there are shortages of food, and lines for gasoline stretch half a mile. add to all of this what you might call nuclear refugees. thousands are in shelters because their homes are too close to the fukushima reactors. not only are their homes in danger of being irradiated but every possession they own....
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Sep 19, 2012
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a recent survey ranks new york as the dirtiest city in america. new york was voted the loudest and the rudest town in the country but despite it's labelled as a city that never sleeps more than 50 million tourists visited last year. >> ronnie wrote "that smell" for gary who drove his car into an oak tree while he was under the influence. released in october of '78. get your albums right now, folks. >> pop for cabella's. >> you make fun of me. cabella's is an all time high. people going out and buying ammo it is a real story. >> a pop for google up 1%. >> it is kind of like what mary an said. it is a stock left for dead as of july. still lagging the major indexes and going for the 740 all time high in 2007. >> a drop for waste management down 3%. >> jp morgan puts it under weight with a $34 price target. i say garbage to that call. you like that one? >> a tremendous amount of free cash flow. i say you own it on dividend alone. >> pop for pulte. >> home builders popping again and again and again. 16 is not the place to jump in. >> a drop for quest d
a recent survey ranks new york as the dirtiest city in america. new york was voted the loudest and the rudest town in the country but despite it's labelled as a city that never sleeps more than 50 million tourists visited last year. >> ronnie wrote "that smell" for gary who drove his car into an oak tree while he was under the influence. released in october of '78. get your albums right now, folks. >> pop for cabella's. >> you make fun of me. cabella's is an all time...
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Sep 25, 2012
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andrew ross sorkin is in new york city, reporting from iac's headquarters. the company's well-known chairman barry diller will be joining us live with andrew from there for an hour starting at 8:00 eastern. iac closing its acquisition of ask.com just yesterday. we'll talk with doug leeds. a number of other newsmakers joining us. there are now just 40 days until the election.first debate is next week. so politics front and center. among our newsmakers this morning, do that anald trump whe phoning in at 6:30. and we have jeb bush and eric cantor will also be joining us. there are 90 days until christmas and toys "r" us is announcing it's hiring 45,000 seasonal workers. the ceo will be joining us with the details at 6:50 eastern time. plus the story everyone is talking about this morning. a botched call ending last night's game between the packers and seahawks. the season has already been marred by bad calls. and no calls from nfl replacement referees. but football fans say that last night's game could be the moment that actually makes the league get a deal don
andrew ross sorkin is in new york city, reporting from iac's headquarters. the company's well-known chairman barry diller will be joining us live with andrew from there for an hour starting at 8:00 eastern. iac closing its acquisition of ask.com just yesterday. we'll talk with doug leeds. a number of other newsmakers joining us. there are now just 40 days until the election.first debate is next week. so politics front and center. among our newsmakers this morning, do that anald trump whe...
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Sep 21, 2012
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they're outside apple stores like this store that's in new york city. this will be one of the ones where people are hoping to be the first to get their hands on this new device. of course not everyone is quite so enthusiastic. some companies are furious that their accessories are no longer compatible. joining us is co-inventor of the cord light illuminated dot connector. also with us onset, lex has written a number of books and currently a writer for mac world. explain to us the cord that you have and i guess it's no longer compatible? >> so the cord light is an i will wlum natured charger cable for the iphone. so it's basically all those people that have trouble plugging in their phones at night when it's dark, the cord light helps with that problem. and so i wouldn't say that it's not compatible. it's compatible with all the other iphones and devices that are out there right now. >> but not the new one. >> no, it's not. the new lightning connector that has been released, we will have to basically start over and design a new one around that. >> are you
they're outside apple stores like this store that's in new york city. this will be one of the ones where people are hoping to be the first to get their hands on this new device. of course not everyone is quite so enthusiastic. some companies are furious that their accessories are no longer compatible. joining us is co-inventor of the cord light illuminated dot connector. also with us onset, lex has written a number of books and currently a writer for mac world. explain to us the cord that you...
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Sep 21, 2012
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now, a bit of kers city as people updated to ios 6. all was not well with the map app. starting to see poor locations happening in the new ios 6 maps app. but that has apple's back end, not google's back end. even blogs popping up specifically mocking these locations that the maps are finding, particularly international locations. apple's maps not performing that well. so we'll see if that affects enthusiasm for the iphone 5 at all. a number of people also on twitter saying that they're not going to upgrade the rating system from ios 5 to ios 6. normally in the past we didn't see that quite as much. guys, back to you. >> later in the show we'll go to the apple store in new york city where fans have been lining up for days. that will be at 5:45 a.m. eastern time, ross. president obama meanwhile leading mitt romney in three more key swing states according to the latest nbc wall street journal maris poll. the president is edging romney in colorado and wisconsin by five points and iowa by eight. and the poll was taken this week amid the controversial romney secretly taped r
now, a bit of kers city as people updated to ios 6. all was not well with the map app. starting to see poor locations happening in the new ios 6 maps app. but that has apple's back end, not google's back end. even blogs popping up specifically mocking these locations that the maps are finding, particularly international locations. apple's maps not performing that well. so we'll see if that affects enthusiasm for the iphone 5 at all. a number of people also on twitter saying that they're not...
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Sep 28, 2012
09/12
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now covering 3000 more 4g cities and towns than verizon. at&t. rethink possible. now covering 3000 more 4g cities and towns than verizon. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to ri
now covering 3000 more 4g cities and towns than verizon. at&t. rethink possible. now covering 3000 more 4g cities and towns than verizon. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what...
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Sep 11, 2012
09/12
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> it is time for the lightning round! are you ready? skee-daddy. hayden in georgia. >> caller: booyah, jim! >> boo-booyah! >> caller: i decided to go with the crowd. i think it's a good one. i do prefer. annalee. >> bobby in virginia. >> caller: jim, virginia tech hokie booyah! >> i'll give you a brian sullivan hokie booyah back at you. >> caller: my stock is southwest energy. >> it's cheap, it's cheap. it isn't enough for me but it is cheap and it's a well-run company. scott in florida. scott. >> caller: big booyah to you from fort lauderdale! >> love it, sunshine. love it. >> caller: hey, hold or sell? >> it's been horrendous. ludnick was on. it's been horrendous. i don't know what to say. it does have
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> it is time for the lightning round! are you ready? skee-daddy. hayden in georgia. >> caller: booyah,...
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Sep 12, 2012
09/12
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ticking] >> for decades, the joke about brazil has been that it's the country of the future and always will be. despite enormous natural resources, it's long displayed an uncanny ability to squander its vast potential. now it's beginning to look like brazil might have the last laugh. while most of the world is consumed with debt and unemployment, brazil is trying to figure out how to manage an economic boom. as steve kroft reported in december 2010, brazil seemed poised to overtake france and britain to become the world's fifth largest economy. with soccer's world cup and the olympics on their way, brazil is about to make its grand entrance on the global stage. [crowd chanting] >> when most people think of
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ticking] >> for decades, the joke about brazil has been that it's the country of the future and always will be....
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Sep 25, 2012
09/12
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foot city 100 down a quarter of a% yesterday. right now up ten points. flat for the xetra dax. down six for the cac 40. ibex up a third of 1%. we'll show you where we stand with bonds. treasury yields have got back to levels we were before the qe fed. 1.7% is where we stand. italian yield slightly higher, but more or less where we were yesterday. ten year spanish yields a little bit higher again. remember euro-dollar going down towards 1.29. still pretty much on that level. so haven't moved a lot in the last 24 hours. aussie dollar still on a 1.04 tack. and sterling-dollar still trading 1.62, pretty close to the year highs for that particular mark. so steady day right now here in europe. let's get a recap of the asian session. >> yet another lackluster day of trade for asian bourses as concerns about global growth continued to weigh on sentiment. banks were under pressure as rates climbed to a seven month high, but developers and alcohol producers bucked the trend. the yuan gained strength against greenback but oil companies tapered off but pulling back a little at the moment.
foot city 100 down a quarter of a% yesterday. right now up ten points. flat for the xetra dax. down six for the cac 40. ibex up a third of 1%. we'll show you where we stand with bonds. treasury yields have got back to levels we were before the qe fed. 1.7% is where we stand. italian yield slightly higher, but more or less where we were yesterday. ten year spanish yields a little bit higher again. remember euro-dollar going down towards 1.29. still pretty much on that level. so haven't moved a...
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Sep 17, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back. the new iphone 5 due out friday of this week but that's not stopping a record of iphone lovers from getting their preorders in and helping to lift the stock to new highs. jon fortt here is with all the numbers. >> 1.5 billi$1.5 billion dtin t. you have to wonder, does this mean apple will tell us next week they've done 8 million units? we'll probably know a week from today. meanwhile, people lining up outside apple stores in new york to make that happy. it's not just a phone. it's a mini economy. many will shell out for accessories, apps and data plans, too. >> thank you, jon. >> if you want to get in on the iphone
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back. the new...
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Sep 25, 2012
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since a lot of people probably blame bush or bush's poll city for the great recession, that doesn't help mitt romney. >> jimmy that is a place where it is ral failure of the republican party to change its message. between bill clint unand obama at the convention, they said romney's plan is the same as bush's plan. people may toer may not like what obama is doing but pretty sure they have questions the prior four years. >> one thing the romney campaign has not differentiated, need to throw bush under the bus and say this is what he did wrong and sabe maybe some of the things did he wrong, obama is doing wrong as far as that i would be different. two, that convention was a very soft convention by the republicans. >> i agree. >> focussed a lot on personality rather than saying this shut plan, here is how it works. >> keith, greater than 8% unemployment, record deficits here. we have got anemic economic growth. how is the president selling his gold to be in office another four years so successfully? economically, he would be toast. >> i think jimmy p is actually right about this. you know, t
since a lot of people probably blame bush or bush's poll city for the great recession, that doesn't help mitt romney. >> jimmy that is a place where it is ral failure of the republican party to change its message. between bill clint unand obama at the convention, they said romney's plan is the same as bush's plan. people may toer may not like what obama is doing but pretty sure they have questions the prior four years. >> one thing the romney campaign has not differentiated, need to...
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Sep 24, 2012
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we have bedbugs here in new york city that are places that are very clean. the factories i've seen inside of foxconn were very clear. people wear all-white uniforms to make sure things are clean. people stand and do simple assembly all day long and getsman thenous. a lot of factory jobs are like that in the united states. that's the nature of a factory. >> one final question, if i might. how long does your intelligence indicate that this plant may be offline? >> that's the critical question. they were saying it could be up as soon as tomorrow. i actually think we've not heard the end of this news. i think we'll see more bad news regarding nurse which could theoretically keep this factory closed for up to a week or maybe more if we end up seeing deaths. >> gentlemen, thank you very much. appreciate you being with us. >> ty, as you know, another big apple story today, the company selling more of its 5 million iphone 5s in the first three days after that product was launched. a note from jpmorgan says, by the way, that that does not include pre-orders, and then
we have bedbugs here in new york city that are places that are very clean. the factories i've seen inside of foxconn were very clear. people wear all-white uniforms to make sure things are clean. people stand and do simple assembly all day long and getsman thenous. a lot of factory jobs are like that in the united states. that's the nature of a factory. >> one final question, if i might. how long does your intelligence indicate that this plant may be offline? >> that's the critical...
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Sep 24, 2012
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which individual cities and states are awe voiding right now? for example, we know that california is one area that's obviously struggling, and yet california is issuing bonds today. are you recommending avoiding california? >> i'm not talking -- i'm interested in equities. i don't care about -- i mean, the municipal bond market is going to have defaults. they're happening. it's a fact. it's going to happen. that was never the focus of my work. the focus of my work is where do you want to invest over the long term? states like california you see have not only -- let me give you an example. the real estate dependent states, arizona, california, nevada, were outperforming the central quarter states by a factor of 20% from 2000 to 2008. now they're underperforming by a factor greater than three times. you could say those states are effectively dead in terms of contribution to the overall u.s. economy. but states from north dakota down to texas over to colorado that are thriving. you see certainly logistics companies there, manufacturing companies t
which individual cities and states are awe voiding right now? for example, we know that california is one area that's obviously struggling, and yet california is issuing bonds today. are you recommending avoiding california? >> i'm not talking -- i'm interested in equities. i don't care about -- i mean, the municipal bond market is going to have defaults. they're happening. it's a fact. it's going to happen. that was never the focus of my work. the focus of my work is where do you want to...
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Sep 17, 2012
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rallies are also scheduled in more than 30 cities worldwide. so will the momentum be anything this year like it was last year? kay kayla tausche joins tru s us fr zuccotti park. it's dark and looks quiet. what's it like there? >> well, we're expecting that it will kick off in just about an hour or so. that storm on the stock exchange expected to begin around 7:00. but zuccotti park is relatively sleepy. hard to believe that this is the place where just a year ago a small cluster of protesters against wall street and the financial crisis and against the government's bailout of all the companies here. but since that began, launching worldwide protests in 82 countries, nearly 1,000 cities. and some of them raged on. hong kong occupiers evacuated just last month even as the movement as a whole starts to lose some steam. but not taoday. today is the third days in three days of a rally that they're calling a carnival. it began on saturday with the march from washington square park here in new york city all the way down broadway to zuccotti park where
rallies are also scheduled in more than 30 cities worldwide. so will the momentum be anything this year like it was last year? kay kayla tausche joins tru s us fr zuccotti park. it's dark and looks quiet. what's it like there? >> well, we're expecting that it will kick off in just about an hour or so. that storm on the stock exchange expected to begin around 7:00. but zuccotti park is relatively sleepy. hard to believe that this is the place where just a year ago a small cluster of...
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Sep 26, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the "kudlow report." so the producers behind the wildly successful political documentary "2016: obama's america," they say slime ball tactics from the left are keeping potential audiences out of the theaters and away from the film. all of this after the film maker spent the weekend defending their film from piracy and false rumors it would air for free on tv. so let's talk here now with keith boykin, former clinton white house aid and president of the kings college and the film maker and author behind "2016: obama's america." danesh, people are trying to stop the movie and putting it for free on youtube. why are t
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the...
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Sep 7, 2012
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one thing that we saw recently is m and t buying hudson city. that was great for both shareholders because it went up on the announcement and that's where you get a terrific announcement. awarded with a premium and that makes for a very fertile environment. >> when you take a look at what has happened with the big bank in europe and how restricted their balance sheets are, doesn't that mean that jpmorgans of the world are going to have tremendous share as well as the gold nan sacks? should they be in the portfolio as well? >> absolutely. they are in my large cap portfolio and you're absolutely right. from a lending perspective, wells fargo has been an active acquirer. the other thing important is the investment banging side of the business, the big investment bank with shares as well. the large what i call the big uglies in the u.s.. >> anton, what is the largest underowned bank relatively speaking right now? >> i would have to say that citi and bank of america are both in that bucket. they both have different kinds of risk. they are libor parti
one thing that we saw recently is m and t buying hudson city. that was great for both shareholders because it went up on the announcement and that's where you get a terrific announcement. awarded with a premium and that makes for a very fertile environment. >> when you take a look at what has happened with the big bank in europe and how restricted their balance sheets are, doesn't that mean that jpmorgans of the world are going to have tremendous share as well as the gold nan sacks?...
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Sep 25, 2012
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i imagine that not every city has something as competitive as "the new york times." are there cities where people are just saying listen, zillow is the only game in town? >> in 19 out of the top 20 cities, we're either the largest or second largest real estate website. we're very popular nationwide. we have 35 million monthly people that use us on the web and mobile. if you include yahoo! real estate, the numbers get off the charts in terms of our category leadership. >> now, you did the secondary. your stock does trade. i mentioned the multiple is very high. that's unusual given the amount of competition to be able to have a 63 times mobile. but your growth is such that do you think you can maintain that longer term growth rate that would make it so the multiple is not outrageous? >> we grew revenue 75%. what investors see in zillow is the size of the market. real estate agents collect about $60 billion in commissions and turn around and spend 6 to 10 billion a year in advertising. we still have less than 1% of what real estate agents spend on advertising. we've see
i imagine that not every city has something as competitive as "the new york times." are there cities where people are just saying listen, zillow is the only game in town? >> in 19 out of the top 20 cities, we're either the largest or second largest real estate website. we're very popular nationwide. we have 35 million monthly people that use us on the web and mobile. if you include yahoo! real estate, the numbers get off the charts in terms of our category leadership. >>...